Financial Times FT.com

Paulson faces crisis panel

By Tom Braithwaite in Washington

Published: May 6 2010 16:12 | Last updated: May 6 2010 16:12

Hank Paulson, the former Treasury secretary and previous chief executive of Goldman Sachs, yesterday suggested Congress hurt credit flows when it “stigmatised” the $700bn bail-out programme he instituted.

The controversial troubled asset relief programme was used to stabilise the economy in a variety of ways, including billions of dollars in direct capital investments into banks.

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